Each year many meritorious students from financially poor families are forced to discontinue their higher education due to lack of funds.

Magma Fincorp believes in “Investing in smallest dreams” and demonstrating the same in real life. We at Magma have decided to financial assist 50 meritorious students from poor families under the newly launched Program “M-scholar”

Students who have scored a minimum of 80% in their class XII board exams are eligible for the scholarship. “M-scholar” ship is being offered to them since July 2015, for their undergraduate studies. The three year scholarship is renewable every year on confirmation of grades in the annual exam. We believe that scholarship will meet a part of the students education and related expenses while pursuing undergraduate studies.

All Indian nationals are eligible for the scholarshipConditions:

Maximum age of the applicant on 15 Aug – 20 Years

Applicant should have secured minimum of 80% marks in school passing out board exam ( Class XII ) in their respective state boards or CBSE, KV, ISC.

Students from families having monthly household income less than INR 10,000 are eligible

To apply for the scheme , one can apply for the scholarship by mailing us the details at csr@magma.co.in or if you know any student who qualifies for scholarship, one can write to us at csr@magma.co.in